Rainbow Tours (RBW) investor relations material

Executive summary

• Achieved record revenues and customer numbers in 2025, though growth rate slowed compared to 2023–2024.

• Expanded through acquisition of 70% of Paralela 45, a leading Romanian tour operator, and further investments in the hotel segment.

• Continued focus on own hotel network (White Olive) and digital sales channels, with a new ESG strategy adopted for 2025–2030.

Financial highlights

• Consolidated revenue rose 12% year-over-year to PLN 4,557.8m; net profit attributable to shareholders was PLN 259.2m, down 8% from 2024.

• EBITDA reached PLN 350.2m (down from PLN 376.1m in 2024); gross margin at 16.7% (2024: 18.4%).

• Net cash from operations increased to PLN 381.5m; cash and equivalents at year-end were PLN 470.0m.

• Hotel segment revenue more than doubled to PLN 68.8m; Paralela 45 contributed PLN 251.4m in sales post-acquisition.

Outlook and guidance

• Strategy for 2026 focuses on maintaining above-market profitability, further hotel network expansion, and digital transformation.

• Plans to continue investing in high-margin segments (exotic and tour packages) and customer loyalty programs.

• Cautious on market growth rates for 2026 after three years of strong post-pandemic demand.